By Jueseppi B.
From The Blog: DEMOCURMUDGEON:
Thursday, November 8, 2012
After Employers threatened workers to vote Republican or else, they’re now taking on each other.
“If a retailer has not gotten involved with this, if he has not spent money on this election, if he has not sent money to Norm Coleman and these other guys,” Mr. Marcus said, apparently referring to Republican senators facing tough re-election fights, then those retailers “should be shot; should be thrown out of their goddamn jobs.”
It’s nice to know Home Depot supports the death penalty for not supporting their politics.
Hostess Twinkies’ CEO tripled his salary to $2.55 million while the company was preparing to go into bankruptcy.
And nine top executives saw massive pay raises, some nearly doubling their salary.
Ah, another greedy CEO who courageously blamed the union for his failure, while omitting the part about tripling his own pay while preparing to go under. Damn unions, indeed.
Something needs to give, and hopefully it will happen soon. We’re all tired of the 1% living by one set of rules. and then blaming the rest of us for their problems, when we keep giving and they keep taking. Whether it’s Fox News’ O’Reilly accusing non-white voters of “wanting things,” or the failed Hostess CEO blaming his own failings on “the unions,” I’m tired of it, and I know that I’m not alone.
Over the past eight years since the first Hostess bankruptcy, BCTGM members have watched as money from previous concessions that was supposed to go towards capital investment, product development, plant improvement and new equipment, was squandered in executive bonuses, payouts to Wall Street investors and payments to high-priced attorneys and consultants.
BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
Over the past 15 months, Hostess workers have seen the company unilaterally end contractually-obligated payments to their pension plan. Despite saving more than $160 million with this action, the company continues to fall deeper and deeper into debt. A mountain of debt and gross mismanagement by a string of failed CEO’s with no true experience in the wholesale baking business have left this company unable to compete or survive.
So remember, in his bizarre world, the people who produce the products that the management team created are all to blame. Forget about failed market research, or high executive pay, or poorly financing the company — it’s completely the fault of the union workers. Got it?
Ikea, the Swedish furniture giant whose flat-pack offerings grace homes from Bolton to Bangkok, has admitted that East German political prisoners had been used to make its goods for as long as three decades.
In the latest in a series of scandals to hit the company, Ikea was found to have been aware of the potential use of forced labour by its suppliers in the former Communist bloc country as early as 1978 and continued to source furniture from the German Democratic Republic until the fall of the Berlin Wall.
Ikea, which is the world’s largest furniture seller and recently announced plans to increase its number of stores worldwide by 50 per cent, said the findings of the report were a source of “deep regret” but insisted it had never condoned the use of political prisoners to manufacture its products.
The franchise owners of these popular chains are making big changes to offset costs of Obamacare, but it’s causing some customers to rethink which businesses they’ll support.
Several franchise owners of popular restaurant chains say that the Affordable Care Act or Obamacare will increase costs for small business owners—and in order to offset costs they are adding surcharges to bills, threatening layoffs and more.
According to the Huffington Post, John Metz, a Florida-based Denny’s franchise owner, is adding a 5 percent surcharge to customers’ bills to offset costs for healthcare.
Apple-Metro CEO Zane Tankel, who owns more than 40 Applebee’s chains in the metro New York area, slammed Obamacare on Fox Business Network, Huffington Post reported, stating he would not hire any more employees and may cut the hours of current employees.
But a Twitter campaign has already begun against Papa John’s after CEO John Schnatter’s said the chain would increase prices to offset costs related to the Affordable Care Act. Protestors are asking Americans to support local pizza chains over Papa John’s.
So what do you think? Will you boycott these businesses for their actions against employees and customers? Or you think that small business owners are suffering due to Obamacare?
Owners of Applebees, Denny’s, and Papa John’s are whining about Obamacare. Don’t take them seriously.
The No. 1 consequence of Obama’s re-election is that it essentially guarantees his signature health care law will be implemented. And not everyone is happy about it. Zane Tankel owns about 40 Applebees franchises. He says that as a result of the law’s penalties on employers who don’t offer health insurance to their workforce “we won’t build more restaurants, we won’t hire more people.”
John Metz owns about 40 Denny’s outlets, several Dairy Queens, and is the brains behind the Hurricane Grill & Wings chain is even blunter. He says he’ll be tacking a 5 percent surcharge onto customers’ bills in order to defray the costs of Obamacare.
If you’re not happy about that surcharge, he’s got an answer for you. Cranky customers “can reduce the amount of tip they give to the server, who is the primary beneficiary of Obamacare.”
These guys are being jerks, but they’re helpfully bringing to light what was obscured during the original debate over the health care bill—rich businessmen don’t like it because it raises their taxes.
The main issue facing chain restaurant owners is the law’s “employer responsibility” provision. If you’re a small employer with fewer than 25 employees, the Affordable Care Act is extremely generous to you and you’ll get special subsidies to help make an insurance plan for your workers affordable.
But if you have over 50 employees, then it’s another matter. If everyone on your payroll already gets group health insurance, you’re in the clear. If they don’t, but they’re all paid enough to buy insurance on the new insurance exchanges without a subsidy, then you’re also in the clear.
But if you’re employing low-wage workers who’ll get subsidies for their new insurance plans, then you’re going to get taxed to the tune of $2,000 a worker.
John Schnatter, CEO of Papa John’s and a major Mitt Romney donor and fundraiser, gave us a hint in an August call with shareholders when he complained that it would raise costs about 11 to 14 cents per pizza. That’s peanuts.
In other words, if there was ever a time when firms were prepared to eat higher costs because of reduced profits that time is today.
One Las Vegas CEO reportedly had an extreme reaction to President Obama’s reelection.
“David,” whose full name and company have yet to be disclosed, (It is now known to be CEO David Siegal) told radio host Kevin Wall on 100.5 KXNT that he fired 22 of his 114 employees as a direct result of Obama’s win, arguing that “elections have consequences” and that he needs “to survive.” “David” refused to identify himself for “obvious reasons,” according to the radio station.
“I had to lay off 22 people today to make sure that my business is gonna thrive and I’m gonna be around for years to come,” the CEO said. “I have to build up that nest egg now for the taxes and regulations that are coming my way.”
By Allison Linn , NBC News
At least one chief executive is making good on his pledge to cut jobs following President Barack Obama’s re-election this week.
Robert Murray, the chief executive of Ohio-based coal provider Murray Energy Corp., began laying off a small number of employees this week after Republican challenger Mitt Romney lost his bid for the White House.
The privately-held company, which had about 3,500 employees before the layoffs began, fired more than 150 employees at three locations this week. A spokesman, Gary Broadbent, said the layoffs were ongoing and these were just the latest announcements.
The layoff notices blamed Obama’s “war on coal” for the job cuts.
Below is a list of American businessmen who have threatened to fire/layoff or reduce salaries of it’s workforce based on election day results, they also attempted to influence employees voting choices, which should be illegal:
The Koch Brothers
America has never been about what can be done for us. It’s about what can be done by us, together, through the hard and frustrating but necessary work of self-government. That’s the principle we were founded on.”
~ President Barack Obama, November 7, 2012~
“Disagree Intelligently, Use The Facts & Truth™”